Central Bank Review最新文献_第3页

Credit growth and current account balance 信贷增长和经常账户余额

IF 2.8

Central Bank Review Pub Date : 2023-09-01 DOI: 10.1016/j.cbrev.2023.100131

Aysu Çelgin , Okan Eren , Pınar Özlü

引用次数: 0

Compliance with the Basel Core Principles and supervisory structure: A cross-country analysis 遵守巴塞尔核心原则和监管结构：跨国分析

IF 2.8

Central Bank Review Pub Date : 2023-06-01 DOI: 10.1016/j.cbrev.2023.100117

Maria Teresa Medeiros Garcia , Frederico Cavaleiro de Mendonça

引用次数: 0

Anticipation of central banks' adoption of inflation targeting and its effect on inflation 央行采用通胀目标制的预期及其对通胀的影响

IF 2.8

Central Bank Review Pub Date : 2023-06-01 DOI: 10.1016/j.cbrev.2023.100118

Amlendu Dubey, Akanksha Mishra

引用次数: 0

Household debt, heterogeneity and financial stability: Evidence from Kazakhstan 家庭债务、异质性和金融稳定：来自哈萨克斯坦的证据

IF 2.8

Central Bank Review Pub Date : 2023-06-01 DOI: 10.1016/j.cbrev.2023.100119

Alisher Aldashev, Birzhan Batkeyev

引用次数: 0

The determinants of savings rates in OECD countries: The role of private pensions 经合组织国家储蓄率的决定因素：私人养老金的作用

IF 2.8

Central Bank Review Pub Date : 2023-03-01 DOI: 10.1016/j.cbrev.2023.100107

Pınar Fulya Gebeşoğlu, Hasan Murat Ertuğrul , Ümit Bulut

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引用次数: 0

Inflation, perception of economic uncertainty and COVID-19: Evidence from Central Bank communication 通货膨胀、对经济不确定性的认识和新冠肺炎：来自央行沟通的证据

IF 2.8

Central Bank Review Pub Date : 2023-03-01 DOI: 10.1016/j.cbrev.2023.100108

Pierre Hítalo Nascimento Silva, Jevuks Matheus de Araújo

{"title":"Inflation, perception of economic uncertainty and COVID-19: Evidence from Central Bank communication","authors":"Pierre Hítalo Nascimento Silva, Jevuks Matheus de Araújo","doi":"10.1016/j.cbrev.2023.100108","DOIUrl":"https://doi.org/10.1016/j.cbrev.2023.100108","url":null,"abstract":"<div><p>Do extreme events have a significant effect about textual sentiment? The purpose of this article is to highlight the need to correct the estimation of indicators of economic uncertainty. The indicators were constructed from textual data about the perspective of extreme events. For this purpose, based on data extracted from the minutes of mee-tings of the Monetary Policy of eighteen Central Banks, we estimated two variables of perception of economic uncertainty: the first using only a traditional sentiment dictio-nary and the second incorporating terms associated with the extreme event (COVID- 19 Pandemic) in its word list. Initial results show that there is a significant effect of COVID-19 on the estimation of the perception of economic uncertainty; this effect acts as an accelerator that potentiates its impact. It was evident that incorporating conjunctural issues - be it local or global - is indispensable when performing sentiment analysis in texts during extreme events. Moreover, failing to take conjunctural issues into account throughout the estimation process can result in variables with biased in-formation.</p></div>","PeriodicalId":43998,"journal":{"name":"Central Bank Review","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2023-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50197116","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 3

Market concentration and producer prices 市场集中度和生产者价格

IF 2.8

Central Bank Review Pub Date : 2023-03-01 DOI: 10.1016/j.cbrev.2023.100106

Huzeyfe Torun, Ahmet Duhan Yassa

引用次数: 0

Network structure of Turkish interbank market 土耳其银行间市场的网络结构

IF 2.8

Central Bank Review Pub Date : 2022-12-01 DOI: 10.1016/j.cbrev.2022.11.003

Tuba Pelin Sümer , Süheyla Özyıldırım

引用次数: 1

Modeling and estimation of synchronization in size-sorted portfolio returns 规模排序投资组合收益同步化的建模与估计

IF 2.8

Central Bank Review Pub Date : 2022-12-01 DOI: 10.1016/j.cbrev.2022.11.001

Cem Çakmaklı , Richard Paap , Dick van Dijk

{"title":"Modeling and estimation of synchronization in size-sorted portfolio returns","authors":"Cem Çakmaklı , Richard Paap , Dick van Dijk","doi":"10.1016/j.cbrev.2022.11.001","DOIUrl":"10.1016/j.cbrev.2022.11.001","url":null,"abstract":"<div><p>This paper examines the lead/lag relations between size-sorted portfolio returns through the lens of financial cycles governing these returns using a novel econometric methodology. Specifically, we develop a Markov-switching vector autoregressive model that allows for imperfect synchronization of cyclical regimes such as bull and bear market regimes in US large-, mid- and small-cap portfolio returns. This is achieved by characterizing the cycles of the mid- and small-cap portfolio returns in concordance with the cycle of large-cap portfolio returns together with potential phase shifts. We find that a three-regime model with distinct phase shifts across regimes characterizes the joint distribution of returns most adequately. These regimes are closely linked to the business cycle and small-cap portfolio returns are more sensitive to the cyclical phases than the large-cap portfolios. While all portfolios switch contemporaneously into boom and crash regimes, the large-cap portfolio leads the small-cap portfolio for switches to a moderate regime from a boom regime by a month. This suggests that small-cap portfolio adjusts with a delay to the relatively negative news compared to portfolios with larger market capitalization. We document that information diffusion accelerates in response to surprises related to the monetary policy. This reflects a link between financial returns and real economic activity from the viewpoint of ‘financial accelerator theory’ where portfolios with distinct size serve as a proxy for firm characteristics.</p></div>","PeriodicalId":43998,"journal":{"name":"Central Bank Review","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1303070122000282/pdfft?md5=c0e55656fa2f372356e166b660e3d938&pid=1-s2.0-S1303070122000282-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74394976","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Does exporting create employment? Evidence from Turkish manufacturing 出口能创造就业吗?来自土耳其制造业的证据

IF 2.8

Central Bank Review Pub Date : 2022-12-01 DOI: 10.1016/j.cbrev.2022.11.002

Mustafa Özsarı , Yılmaz Kılıçaslan , Ünal Töngür

引用次数: 0